Margarita | Caracola Beach and Spa Resort

Overview

"A Place in the Sun"  magazine's No 1. spot to invest for under £100,000

Isla Margarita, Venezuela, received this accolade in the August '08 edition of the publication. Caracola was featured as the No.1  buy on this charming little  island.

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The Caracola Beach & Spa Resort comprises of 1244 apartments & duplexes spread over 15 floors, overlooking the stunning Caracola Beach, on the eastern fringes of the island’s main town, Porlamar.

With four different floor layouts to choose from, populated across three blocks, the apartments vary in size from 58.5m2 to 125.8m2, nearly all with their own sea facing terrace.

Construction will be to the highest standard in accordance with stringent building regulations and comes with a 10 year building guarantee. Each apartment will have a fully fitted kitchen (including white goods) as well as climate control air conditioning systems and all other furniture**. All bathrooms will be fitted out with Roca or equivalent.

Investment

Caracola is SIPP compliant (subject to terms and conditions)

• Guaranteed minimum 7% pa net rental return for 10 years, increasing to 8.25% for last 5 years, once resort occupancy reaches 75%
• Rental return backed by fidelity bond
• Last apart-hotel directly on the beach in an area with a shortage of top quality accommodation
• Excellent scope for capital growth
• The best development on the beautiful Caracola Beach
• Shops, restaurants & amenities close by

• World class rental & management company
• Best-in-class developer, proven track record
• Freehold title
• Easy purchase procedure
• Tax efficient ownership
• All apartments come with air conditioning and all furniture
• Low cost of entry (prices from €79,000 - excluding payment discounts)
• 30% deposit held in ESCROW
• Minimum investment from only €26,000*

*Includes estimate of legal and administration fees

Property Types

Hotel Apartments & Condos

Price Range

From €79,000

Island Jump

Mango Tree Propeties is a licnesed agent to Emerging Earth Ltd (part of The Emerging Earth Group), the master agent to The Caracola Beach Resort & Spa in the UK. Information on this page is given in godd faith, and we believe it to be materially accurate